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Clothing and footwear spend rises 3.3% in February

Consumer spending on clothing and footwear increased by 3.3% in February, as the half-term break boosted overall expenditure. 

The overall amount consumers spent during February rose by 2.2%, driven by Valentine’s Day and hotels, dining and entertainment during half term, the latest Visa Europe UK Consumer Spending Index found.

Ecommerce spend grew 6.3% year on year, while in-store sales were up 2.8% - the strongest increase since May last year.

Kevin Jenkins, managing director of UK and Ireland at Visa Europe, said: “February is always a key bounce-back month for retailers and 2016 has been no exception. Solid spending growth by consumers, especially on life’s luxuries, was responsible for a 2.2% annual growth figure.

”Face-to-face and online spending both grew, though the latter was stronger, suggesting retailers continue to forge ahead in this sphere.”

 

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